Sometimes I think of growing old and it scares me.  Not only will I face a lifestyle change, but my health could become a problem and put my family under financial duress.

You see, I read a blog today about the health needs of people after retirement.  Unfortunately, the statistics are not good – over 70% of seniors will need some sort of extended health care in their lives – and that type of care does not come at a low price.

There has been recognition of this in the insurance industry, with many companies now offering long term care insurance – but for many it is too late.  Due to their care costs, some seniors are reduced to poverty – with some even having to eat cat food just to survive.

Now, even though this scares me, there are things that we can do.  Volunteer at a nursing home or care facility to help the residents enjoy a higher standard of living.  Have your grandparents or parents over for dinner from time to time.  For those of you who are younger – plan ahead.